• 1 Introduction
  • 2 Hypotheses
  • 3 Model
  • 3.1 Denition of Interest Rate Risk
  • 3.2 Introductory Example
  • 3.3 General Framework
  • 4 Empirical Analysis
  • 4.1 Data
  • 4.2 Model Specication
  • 4.3 Model Evaluation
  • 4.4 The Interest Rate Risk of German Banks
  • 5 Conclusion
  • A Specication of the Objective Function
  • B Comparison of the Models' Accuracy